⚠️ Possession Notice – Asset Reconstruction Company (India) Limited (ARCIL), Ujjain
Jul 29, 2026 • Syed • Public Hearings / Legal Notices
Source:
freepressjournal.in
⚠️ Possession Notice – Asset Reconstruction Company (India) Limited (ARCIL), Ujjain
🏦 ARCIL Issues Possession Notice Under SARFAESI Act
Asset Reconstruction Company (India) Limited (ARCIL) has issued a possession notice for a secured residential property after the borrower failed to repay the outstanding loan amount. The property has been taken under symbolic possession as per the SARFAESI Act.
📌 Key Highlights: ✅ Symbolic Possession Date: 23 July 2026
✅ Recovery proceedings initiated under SARFAESI Act
✅ Public advised not to deal with the secured property
✅ Borrowers may redeem the property as per applicable provisions
📍 Location: Ujjain, Madhya Pradesh